US: Crude output to rise another 22% after reaching 25-year high in 1989, predicts EIA

(EnergyAsia, March 18 2014, Tuesday) — Thanks to the shale revolution, US crude oil production reached a 25-year high of 7.5 million b/d last year after surging 14.8% from 6.53 million b/d in 2012, said the Energy Information Administration (EIA). The agency expects the gains to continue over the next two years, raising production to…